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y .?C „ -, {ti i ter ;7 ii .4.�'� f 7t}1E .!r ," ' ...�.• : :'.' V 01a � ayJ1 -4r1I{ J±,la }14' l�sal��,rp -rile, i`,r�ja� l; i,4.Y tyfll' Iii{ _ . .r - 1 MORTGAGE THIS 11"J MIRE, marts shier Sth a,y of Noveirber 19 90 by and betweatr i AM Eugene L. Stout and LIla F. Stout, Husband and wife - of _Hall County. NCbraska, asmortP#" S and Home Federal S&AW and lam AvsodAlion of 4rwrd:lrlmd, 810aWfalJOn oriaeind asd exiting undo the lawn of the United State$ of America with its principal ofiloe and piece of bimill"s a Grausd: laintsdi. P449..1%M, t mmtpsm wirimssum: lUtt aidmonsw g .for and incottsiderati000fthecwsnrof cJiXty IsrJlr5 nrJ (J;tier_ Sixt�� lifle and 27f 1QG- ------------------------------------ DOUM 60r'3G9.Z'7 �� the radpl of wbkb ii hereby aekwwkdged, do eS by thm ptexnts nw =e and warant unto said monflaja. its sumwon and n - `_ , forever. all the foilowl+y dambed rat estate, situated in the County of Hal and Slue of Nebraska, to-wit: � ' Lot Fourteen (14) in Block "Bit Parkaiew Subdivision, City of Grand Island, i Y _- Hall County, Nebraska. 1 `?` 'y -! f r Together with all heating. air conditioning, lighting, and plumbing equipment and fixtures, including screens. awnings, storm windows and ; doom. and window shades or blinds. used on or in connection with said property. whether the mum are now located on said property or hereafter placed therm. TO HAVE AND TD HOLD THE SAME, together with all and singular the tenements. hereditaments and appurtenances thereunto be- longing, or in anywise appertaining. forever. and warrant the title to the same- Said morgagor S -hereby covenants with said mortgagea that ___t he _y – are , at the delivery hereof, the lawful owner S _ of the promisee above conveyed and described. esiad ate__ seised of a good and indefeasible estate of inheritance therein. free and clear of all encumbrances. and that_ liby —will warrant gad defend %be tide thereto forever against the claims and demands of all persons whomsoever. PROVIDED ALWAYS. and this instrument is executed and delivered to secure the payment of the stem of Sixty Thousands Nine Hundred Sixty Nine and 27/IC ----- -----nafa7a1S 60,969.27 1_ with inUr at them*. together with such charges and advances as may be due and payable to said mortgagee under the terms and conditions of the promi$sory note of even date ben�+ith pad ea"ured hereby. exe =Ltd by sami mortgagor S _ to said mortga m. payable as expressed i in said note. and to segue the performance of all the testes and conditions contained therein. The terms of said note are hereby incorporated herein by this releream It is the intention and agrsemeat of the parties hereto that this mortgage shall also secure any future advances made to said mortgagor S by said mortgagee, and any and all indebtedness in addition to the amount above stated which said mortgagors. or any of them. may owe to said mortgagee. boweva evidenced, whether by rote. book account or otherwise. This mortgage shall remain in tun force and effect between the parties hereto and their bars+. personal representatives. successors and assigns, until all amounts secured hereunder, including future advances. are paid in fail with interest. The mortgagor S hereby assigps to said mortgagee all rents and income arising at any and all time$ from said property and hereby authorize sera mortgagee or its went. at its option. upon default. to take charges: of said property and collect all tents andf income therefrom and apply the same to the payment of interest. principal, insurance premiums. taxes. assessments. repairs or improvements necessary to keep said property in tenantable condition. or to other charges or payments provided for herein or in the note hereby secured. This rent assignment ahall continue in force until the unpaid balance of said note is fully paid. The taking of possession hereunder shall in no manner prevent or retard said mo tgaaee in the collection of said sums by foreclosure or otherwise. The failure of the mortgagee to assert any of its rights hereunder at any time shall not be construed as a waiver of its right to assert the same at any later time, and to insist upon end enforce strict complisnce with all the terms and provisions of said note and of this mortgage. If said mortgagor S shall cause to be paid to said mortgagee the entire amount due it hereunder, and under the terms and provisions of said note herby secured. including futures: advances. and any extensions or renewals thereof in accordance with the terms and provisions thereof, and if said mortgagor S shall comply with all the provisions of said note and of this mortgage. then these presents shall be void: otherwise to remain in full force and effect. and said mortgagee shall be entitled to the possession of all of said property. and may, at its option. dedate the whole of said note and all! indebtedness represented thereby to be immediately due and payable. and may foreclose this mortgage or Cidte any other legal action ten pmL6ct its right. Appraisement wa veld. This mortgslgr dtail be binding upon and shall enure-to the- bera:fif: of the heirs. executors. administrators, successors sod assigns of the reepective'parciealmrrazr. ' IN wjTNp_s • 1t,�1:i1r1mar,.'rieiei: mortgagors ba UC Is tnlsa• i-11SiT hand tJrre alnys and gerur first above written. ry_, 4' -- — -- en� _11a F. Stout